Gold was downtrending all last week after hitting all-time high, but as we look into intra-day timeframes we clearly see that it broke structure towards the upside on the 1HR timeframe. If price can hold and retest 2860 to continue breaking up over previous level of 2880 buys are safe, but if price breaks below 2860 we will continue bearish trend.
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XAUUSD: 1HR CHART
Gold was downtrending all last week after hitting all-time high, but as we look into intra-day timeframes we clearly see that it broke structure towards the upside on the 1HR timeframe. If price can hold and retest 2860 to continue breaking up over previous level of 2880 buys are safe, but if price breaks below 2860 we will continue bearish trend.
Gold was downtrending all last week after hitting all-time high, but as we look into intra-day timeframes we clearly see that it broke structure towards the upside on the 1HR timeframe. If price can hold and retest 2860 to continue breaking up over previous level of 2880 buys are safe, but if price breaks below 2860 we will continue bearish trend.
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